Barclays Increases Interest Rates For Its Savings Account To 4.15% APY (June 2023)
AL
Last updated 04/09/2024 by
Andrew LathamSummary:
Barclays has increased the maximum APY for its US Online Savings account to 4.15% APY.
Compare Savings Accounts
Compare savings accounts. Discover your best option.
Barclays Bank offers 4.15% APY to savers
Barclays increased the APY on its high-yield savings account to 4.15% — an increase of 0.15 percentage points from the previous 4.00% APY. Barclays US Online Savings Account is a high-yield savings account that offers a competitive annual percentage yield (APY) and allows customers to earn more than with most checking and savings accounts. In addition to a high APY, Barclays does not charge monthly or transfer fees.
Note that the Annual Percentage Yield (APY) for the Barclays US Online Savings account is variable and may change at any time. However, Bask Barclays does not require a minimum balance to earn APY. So, you will start earning interest even if you have a modest balance.
A 4.15% APY is very high compared to the average rate on savings accounts. However, there are other savings accounts with similar (and even higher) rates.
Barclays also offers competitive CD rates
Savings accounts are not the only deposit account in Barclays’s wheelhouse. Barclays also provides a wide selection of CD accounts, which offer a maximum APY of 4.80% (12-month terms).
Key takeaways
- Barclays Bank increased its rates on its savings accounts to 4.15% APY.
- Barclays offers both savings and CD accounts (max. APY of 4.80%).
About Barclays US Bank
AL
Andrew is the Content Director for SuperMoney, a Certified Financial Planner®, and a Certified Personal Finance Counselor. He loves to geek out on financial data and translate it into actionable insights everyone can understand. His work is often cited by major publications and institutions, such as Forbes, U.S. News, Fox Business, SFGate, Realtor, Deloitte, and Business Insider.
Share this post: